Dutch Bros Inc. (NYSE:BROS) Shares Sold by Bridgefront Capital LLC

Bridgefront Capital LLC cut its stake in shares of Dutch Bros Inc. (NYSE:BROS - Free Report) by 57.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,525 shares of the company's stock after selling 14,504 shares during the quarter. Bridgefront Capital LLC's holdings in Dutch Bros were worth $551,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. R Squared Ltd purchased a new position in Dutch Bros in the 4th quarter valued at approximately $25,000. Coppell Advisory Solutions LLC increased its position in shares of Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock valued at $27,000 after buying an additional 447 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Dutch Bros in the 4th quarter worth about $41,000. Bernard Wealth Management Corp. acquired a new stake in Dutch Bros in the 4th quarter valued at about $43,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Dutch Bros during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 85.54% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on BROS shares. Robert W. Baird reduced their price target on shares of Dutch Bros from $80.00 to $66.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Barclays reduced their target price on Dutch Bros from $94.00 to $76.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Guggenheim raised their price target on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. Bank of America upped their price objective on Dutch Bros from $61.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, TD Securities reissued a "buy" rating and issued a $89.00 target price on shares of Dutch Bros in a research note on Friday, March 28th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Dutch Bros currently has a consensus rating of "Buy" and an average price target of $75.86.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 755,551 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $77.73, for a total transaction of $58,728,979.23. Following the transaction, the chairman now owns 2,903,316 shares in the company, valued at $225,674,752.68. The trade was a 20.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the sale, the insider now owns 2,310,834 shares of the company's stock, valued at approximately $175,415,408.94. This trade represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,643,632 shares of company stock worth $201,509,627. 42.40% of the stock is currently owned by corporate insiders.

Dutch Bros Trading Down 1.2 %

Shares of BROS stock opened at $60.38 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. Dutch Bros Inc. has a fifty-two week low of $26.96 and a fifty-two week high of $86.88. The firm's 50 day moving average price is $62.15 and its two-hundred day moving average price is $57.72. The stock has a market cap of $9.31 billion, a price-to-earnings ratio of 177.58, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71.

Dutch Bros Company Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.

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